1Q14 Earnings Conference Call

São Paulo, May 09, 2014

2

This presentation includes forward-looking statements. These forward-looking

statements are not solely historical data, but rather reflect the targets and

expectations of Braskem’s management. The terms “anticipate,” “believe,”

“expect,” “foresee,” “intend,” “plan,” “estimate,” “project,” “aim” and similar

terms are used to indicate forward-looking statements. Although we believe

these forward-looking statements are based on reasonable assumptions, they

are subject to various risks and uncertainties and are prepared using the

information currently available to Braskem.

This presentation was up-to-date as of March 31, 2014, and Braskem does not

assume any obligation to update it in light of new information or future

developments.

Braskem assumes no liability for transactions or investment decisions taken

based on the information in this presentation.

Disclaimer on forward-looking statements

3

1Q14 Highlights

3 3

Average crackers capacity utilization rate of 85%, affected by the scheduled maintenance shutdown

at the Triunfo site and operational issues.

The Brazilian market of resins (PE, PP and PVC) reached 1.3 million tons in the quarter, in line with 4Q13.

Braskem’s sales amounted to 901 kton.

In line with its strategy to focus its investments on the petrochemical industry, Braskem divested the

assets forming the Water Treatment Unit (“WTU”) located at the Triunfo complex in the amount of R$315

million, recognizing a gain of R$277 million in the quarter.

EBITDA was R$1.6 billion, positively influenced by (i) the stability in spreads in the international market,

(ii) the depreciation in the Brazilian real and (iii) the WTU divestment. In U.S. dollar, EBITDA was US$690

million.

Net income in the first quarter amounted to R$396 million.

Leverage, as measured by the ratio of Net Debt to EBITDA in U.S. dollar, stood at 2.71x, down 6% from

the previous quarter.

Expansion and diversification with competitive feedstock

Integrated project in Mexico:

Project has reached 66% of physical completion;

On April, the subsidiary Braskem-Idesa withdrew the third installment of the project finance in the

amount of US$465 million.

Ascent project

In March 2014, Antero Resources signed an agreement to supply ethane (subject to a feasibility

study of the project and its approval) to the project.

4 4

Brazilian Thermoplastic Resins Market (kton)

+1% +3%

1Q14 demand was positively driven by the good performance of the sectors related to

nondurable goods, such as beverage. The infrastructure sector also showed good

performance in comparison with the 1Q13.

Brazilian market and Braskem’s sales

Sales Profile Braskem – 1Q14

Braskem’s Resin Sales (kton)

0% -2%

5

¹ Quarterly adjusted to reflect the decision to maintain investments in Quantiq 2 Includes the expense related to a labor claim involving the payment of overtime at the industrial plants 3 Gain recognized from the divestment of non-strategic assets

R$ million

EBITDA 1Q14 vs. 4Q13

The main factors for growth were the spreads recovery in

the international market and the 4% depreciation in the

Brazilian real. The gain of R$277 million from the WTU

divestment also positively affected the result.

( )

FX impact on revenue

FX impact on costs

438

(330)

6 6

US$ million 1Q14 4Q13

Net Debt(a) 6,615 6,390

EBITDA (LTM) 2,431 2,215

Net Debt/EBITDA 2.71x 2.87x

Net Debt / EBITDA (US$)

Agency Rating Outlook Date

Fitch BBB- Negative 10/09/2013

S&P BBB- Stable 07/11/2013

Moody’s Baa3 Negative 04/24/2013

Braskem Rating – Global Scale

Longer debt profile with diversified financing sources.

Liquidity levels remain stable

Diversified funding Sources

(a) It does not include the financial structure of the Mexico project

7 7 7

Capex

In 1Q14, Braskem made operational investments in the amount of R$763 million:

R$373 million was allocated to maintenance, reflecting, mainly, part of the disbursement for the scheduled

maintenance shutdown at Triunfo cracker;

R$349 million was allocated to the construction of the new petrochemical complex in Mexico, in line with the 3rd installment of project finance;

8 8 8

Integrated project to produce 1 million tons of PE – JV Braskem (75%) and Idesa (25%)

Project´s Competitive Advantages

Competitive feedstock. North-american gas

price as reference.

#1 greenfield project to come into operation

in North America.

Start-up: Second half of 2015.

In 1Q14, project has reached 66% of physical

completion;

Project finance:

Until 1Q14: US$ 2.0 billion;

3rd installment occurred in April in the

amount of US$ 465 million.

Supply the net importer Mexican market

(current deficit of 1.3 million ton).

#1 greenfield project to come into operation in North America

Ethylene XXI Project - Mexico

Expected

margin of

an

integrated

PE player

ethane-

based in

USA

9

World GDP growth of 3.6%, driven by the

recovery in developed economies.

• Chinese GDP of 7.5%.

Expectation that international petrochemical

spreads remain at similar levels to those of last

quarters

• higher demand for petrochemicals.

Ethane prices begin to retreat with the end of

rigorous U.S. winter.

Factors to be monitored :

• Ukraine crisis and geopolitical issues in the

Arabian Gulf, with potential impacts on oil

prices and, consequently, naphtha prices.

• potential need to reduce energy

consumption in Brazil.

Short Term

Global scenario and the petrochemical industry

9 9

Medium/Long Term

Uncertainty regarding the startup of projects

announced in China:

High costs/investments to access available

feedstocks.

Infrastructure issues (logistics, supply of

water for extraction, etc.).

Iran: gas supply associated with oil production

USA: new capacities to come online as of

2017/2018.

Source: IHS, Analyst report

Additional ethylene capacity (million tons)

2014e 2015e 2016e 2017e

Africa & India Europe &CIS Middle East Americas Asia

~ 6.0

Annual demand growth in period

4.6

China

6.3 6.2

7.6

China

China China

Iran Iran

Iran

10 10 10

Braskem’s priorities

Renewal of the naphtha supply contract.

Focusing on continuing to strengthen our relationships with Clients and expanding the market

share in Brazil.

Making progress on formulating an industrial policy for the petrochemical chain that continues to

make the industry more competitive.

Conclusion of the acquisition of Solvay Indupa’s control.

Increasing the competitiveness of Braskem’s feedstock by reducing costs and diversifying

sources.

Advancing construction on the greenfield project in Mexico and expanding its pre-marketing

activities.

Defining the feedstock and tax incentives required to make Comperj viable.

Advancing in the ownership structure and making progress in the feedstock mix, based on the

competitive advantage of shale gas of the Ascent project.

Maintaining liquidity levels, cost discipline and financial health in a challenging macroeconomic

scenario.

11

1Q14 Earnings Conference Call

São Paulo, May 09, 2014